Pound Sterling falls amid cautious market mood, UK Inflation in focus
The Pound Sterling (GBP) continues its losing streak for the fourth trading session on Tuesday as investors turn risk-averse in a big central banks’ week. The GBP/USD pair prints a fresh weekly low ahead of the interest rate decisions by the Federal Reserve (Fed) and the Bank of England (BoE). As both central banks are anticipated to maintain the status quo, investors will majorly focus on clues about the interest rate outlook. Read More…
GBP/USD attracts some sellers below the mid-1.2700s, all eyes on Fed, BoE rate decision
The GBP/USD pair remains under some selling pressure during the early Asian session on Tuesday. The uptick in the US Dollar (USD) above 103.50 and higher US yields provide some support to the major pair. Markets turn cautious ahead of the central bank meetings, including the Federal Reserve (Fed) and Bank of England (BoE) interest rate decisions. At press time, GBP/USD is trading at 1.2726, down 0.02% on the day. Read More…
GBP/USD stabilizes ahead of key central bank decisions, UK’s inflation in focus
The Pound Sterling losses steam and treads water against the US Dollar as traders prepare for the announcement of major central banks’ monetary policy decisions. The Bank of England and the US Federal Reserve are expected to hold rates unchanged, though a ‘hawkish tilt’ of the Fed might weigh on Sterling; the GBP/USD trades at 1.2727, barely down 0.04%. Read More…
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